Los Angeles, San Francisco Cash Basis Flat in Early Trade
7/17 11:38 AM
Los Angeles, San Francisco Cash Basis Flat in Early Trade
Kristina Davis
DTN Refined Fuels Market Reporter
MIAMI (DTN) --- Cash gasoline basis in Los Angeles and San Francisco were
unchanged a slow start to trade Thursday with federal data showing PADD 5
gasoline inventories at their highest level in nearly a year.
West Coast PADD 5 gasoline inventories continued higher a third straight
week through July 11 to 31.147 million bbl, the highest level since August
2024, according to Energy Information Administration data released Wednesday.
EIA reported PADD 5 gasoline imports rose to 144,000 bpd from 112,000 bpd,
more than triple the 41,000 bpd brought in during the same week last year.
July CARBOB in L.A. held at a 1ct premium to August NYMEX RBOB futures while
prompt CARBOB in the Bay was flat at a 12cts futures premium.
In refinery news, Phillips 66 reported planned flaring at its 85,000 bpd
Wilmington refinery today through Saturday (7/20), according to a notice with
the South Coast Air Quality Management District. An initial determination of
the flaring is unknown and remains under investigation.
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